The global business travel market size reached a value of approximately USD 1025.44 Billion in 2025. The market is further projected to grow at a CAGR of 12.00% between 2026 and 2035, reaching a value of USD 3184.86 Billion by 2035.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
12%
Value in USD Billion
2026-2035
*this image is indicative*
Business travel refers to travelling activities undertaken for business- or work-related purposes. The various types of business travel include travelling to different locations to meet business partners and suppliers, travelling to a different branch of the company, or travelling for business and conference events.
"Business Travel Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments:
Breakup by Service
Breakup by Industry
Breakup by Traveller
Breakup by Region
The food and lodging segment is expected to witness significant growth over the forecast period. This growth can be attributed to the increasing availability of affordable hotel and guest houses and growing popularity of online booking. Increasing demand for hygienic food and convenient lodgings and increasing penetration of Airbnb and home stays is further aiding the segment growth. The business travel market expansion is further being aided by the increasing frequency of domestic and international business trips for attending conferences and meeting clients, among others.
The Asia Pacific is anticipated to account for a significant portion of the market in the coming years. This is due to the increasing government initiatives and policies to attract foreign investments, rapid infrastructural development, and availability of various sources such as skilled workforce to support business development. Increasing awareness about the various advantages associated with business travel such as exposure to newer environments and work culture and development of decision making and leadership skills is further aiding the business travel market growth in the region.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global business travel market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Airbnb, Inc. was founded in 2007 and is based in California, United States. The company operates an online marketplace for long- and short-term homestays. Their unique experiences enable guests to connect with communities in an authentic manner.
BCD Group is a global corporate travel management company that was founded in 1975 and is headquartered in Utrecht, Netherlands. The company is known for providing support, advice, and travel services, including off-airport parking.
Expedia Group, Inc. is a technology, information, and internet company that was established in 1996 and is headquartered in Washington, United States. Their specialities include hospitality, travel, airfare, and business development, among others.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other market players include GBT Travel Services UK Limited, Booking Holdings Inc., CWT Global B.V., Corporate Travel Management Limited, Fareportal, Inc., Flight Centre Travel Group Ltd., and Wexas Ltd., among others.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market reached a value of approximately USD 1025.44 Billion in 2025.
The market is projected to grow at a CAGR of 12.00% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach USD 3184.86 Billion by 2035.
The major market drivers include growing requirement for business travel for brand and product promotion and rising adoption of green transportation and sustainable accommodations.
The key trends fuelling the growth of the market include increasing popularity of bleisure travel, development of the travel and tourism sector, and growing popularity of Airbnb and home stays.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various services available in the market include transportation, food and lodging, and recreation.
The key players in the business travel market are Airbnb Inc., GBT Travel Services UK Limited, BCD Group, Booking Holdings Inc., CWT Global B.V., Corporate Travel Management Limited, Expedia Group, Inc., Fareportal, Inc., Flight Centre Travel Group Ltd., and Wexas Ltd., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Service |
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| Breakup by Industry |
|
| Breakup by Traveller |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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